Our Assets

The Board has proposed to dispose on the Polymetal’s Russian business as this presents the most viable opportunity for the Group to restore shareholder value by removing or substantially mitigating critical political, legal, financial and operational risks to the Polymetal Retained Group.

More details


Polymetal is a leading gold and silver producer with a high-quality, low-cost asset base.

Our portfolio comprises 2 producing assets and 1 major development projects across Kazakhstan. Our investments coupled with a rigorous approach to M&A activity are primarily focused on the turnaround of distressed assets, as well as under-explored near-mine areas with high potential that will contribute to significant long-term growth.

Key results
1,712 Production, Koz of GE
3.6 Average grade in ore processed, g/t of GE;
27.3 Ore reserves, Moz of GE
0.10 LTIFR


— hub
— mining and processing
  • Kyzyl
    East Kazakhstan Region, Kazakhstan
    Operating Mines: Bakyrchik
  • Varvara
    Kostanay Region, Kazakhstan
    Operating Mines: Varvara, Komar

Growth projects

— development project
FY 2023 guidance
1,700 Koz Production GE
US$ 950-1,000/GE oz TCC
US$ 1,300-1,400/GE oz AISC
and resources
Latest production

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